The Lean Startup by Eric Ries
Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.
Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.
Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business.
Key Takeaways
- Test frequently and learn quickly
- Observe and measure real customer behaviour
- Focus exclusively on capturing actionable Metrics
- Be comfortable pivoting based on key learnings
- Embrace new accounting methods
- Learn what is not working and apply changes immediately: stay lean